Keep in mind that there is only 7 pairs that really "moving":
EUR/USD GBP/USD NZD/USD AUD/USD USD/JPY USD/CAD USD/CHF----MAJORS
the rest of pairs are just mathematically defined(with a little inaccuracy ) from major pairs.
For example:
If EUR/USD go up 50 pips and GBP/USD go up 50 pips,then EUR/GBP will not show significant(if any) move(they are both stronger then USD at same measure).
In other way:
If EUR/USD go up 50 pips and GBP/USD go down 50 pips,then EUR/GBP will shoot up hard.
Thats why on high impact news you see big moves for particular currency,for example:
High impact news for EUR...EUR/USD go down,meantime GBP/USD,NZD/USD,AUD/USD,USD/JPY,USD/CAD,USD/CHF don't show any move,so...what will happen?
EUR/GBP EUR/JPY EUR/NZD EUR/AUD EUR/CAD EUR/CHF will go down.
Actually,you need to look only on those 7 pairs.
This is a fact...I learned this from one protrader/investor...if you don't believe pull up charts with majors and crosses and see it for yourself.
EUR/USD GBP/USD NZD/USD AUD/USD USD/JPY USD/CAD USD/CHF----MAJORS
the rest of pairs are just mathematically defined(with a little inaccuracy ) from major pairs.
For example:
If EUR/USD go up 50 pips and GBP/USD go up 50 pips,then EUR/GBP will not show significant(if any) move(they are both stronger then USD at same measure).
In other way:
If EUR/USD go up 50 pips and GBP/USD go down 50 pips,then EUR/GBP will shoot up hard.
Thats why on high impact news you see big moves for particular currency,for example:
High impact news for EUR...EUR/USD go down,meantime GBP/USD,NZD/USD,AUD/USD,USD/JPY,USD/CAD,USD/CHF don't show any move,so...what will happen?
EUR/GBP EUR/JPY EUR/NZD EUR/AUD EUR/CAD EUR/CHF will go down.
Actually,you need to look only on those 7 pairs.
This is a fact...I learned this from one protrader/investor...if you don't believe pull up charts with majors and crosses and see it for yourself.
SMKNYC---LIAR
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